27th March 2020 (Friday)
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Singapore Airlines Suspends Trading – Potential Corporation Action From Temasek

Singapore Airlines (SIA.SI) halted trading on Singapore Stock exchange Thursday morning pending an announcement, days after grounding most of its aircraft and saying it was seeking refinancing to shore up its weakened balance sheet.

In the company’s statement released this Monday (23 March 2020), Singapore Airlines has announced that given the further tightening of global border controls with the outbreak of Covid-19, they will be cutting 96% of their capacity that had originally be scheduled up to the end of April. This will result in the grounding of 138 ASI and SilkAir aircraft, out of a total fleet of 147 amid the greatest challenge that the SIA Group has ever faced. The company states that it has drawn on its lines of credits to meet its immediate cash flow requirements and is discussing with various financial institutions for future funding requirements.

In his ministerial statement on resilience budget on Thursday, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced that SIA will unveil a corporate action from its biggest shareholder – Temasek. “We will make sure SIA comes out of this in good shape” Heng said. The budget also includes an SGD 350 million enhanced aviation support package to fund measures such as rebates on landing and parking charges, and rental relief for airlines, ground handlers and cargo agents. This allows Singapore to retain a minimum level of connectivity to the world during the pandemic which is critical to enable overseas Singaporeans to return home and keep supply lines for essential goods open.

SIA shares on Monday fell to a 21-year low of SGD 5.35 but on Wednesday jumped more than 10% to SGD 6.5. Aft the start of the year, the company’s shares traded at SGD 9.11.

Ministerial Statement on the Supplementary Budget

https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fy2020_supplementary_budget_statement.pdf

Singapore Airlines Capacity Cut Announcement:

https://links.sgx.com/FileOpen/NE-0620.ashx?App=Announcement&FileID=601796

Singapore Airlines Trading Halt Announcement:

https://links.sgx.com/1.0.0/corporate-announcements/13U0Y8QA1OV2LAO3/38f8315b2ea7d56d69a636bb494732f76969a375ff9644010cad291e65ce508e
DSIW
DLC SG5xLong SIA
SIAL.SI 5x Long
Last Price1
0.035 +0.001
(+2.95%)
Last Update: 26/03/2020 17:28
 
DSLW
DLC SG5xShort SIA
SIAL.SI 5x Short
Last Price1
0.825 +0.085
(+11.49%)
Last Update: 26/03/2020 17:28
1 The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs may not trade as frequently as shares and sometimes may not record a trade for a long period of time while the bid/offer prices quoted by the Designated Market Maker continue to move with the Underlying Asset, therefore using the bid price is usually a better indicator of the value of a DLC.The variation of the last price is the difference between the last price and the intrinsic close of a DLC in the last trading day.
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DLC Funds Flow Chart
Data calculated based on the net change in money flow between 24/03/2020 and 25/03/2020.
 
Top Gainers / Losers
Code Name Bid Change
(%)
DAWW DLC SG5xLong Sunac +0.022
(+49.42%)
DUFW DLC SG5xLong CSPC +0.06
(+47.89%)
CPVW DLC SG7xLongMSG210114 +0.021
(+44.83%)
DGAW DLC SG5xLongGeely A +0.022
(+44.73%)
DXAW DLC SG5xLong AREIT +0.019
(+43.02%)
Code Name Bid Change
(%)
DNBW DLC SG5xLong CNOOC 0
(0.00%)
DGBW DLC SG5xShort AREIT -0.174
(-63.78%)
DCSW DLC SG5xShort CityDev -0.511
(-63.78%)
DSLW DLC SG5xShort SIA -0.789
(-51.26%)
DNXW DLC SG5xShort Wilmar -0.059
(-49.61%)
Data calculated based on the percentage change in last bid price between 24/03/2020 and 25/03/2020.
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Top 5 traded DLCs
Code Name Underlying
Chg (%)		 Intrinsic Close1
(Chg %)		 Sensitivity Value traded
DJWW DLC SG5xShort OCBC +6.98% 0.712544
(+7.80%)		 0.012 2M
DFJW DLC SG5xShort OCBC A +6.98% 2.00185
(+7.80%)		 0.009 1M
CIXW DLC SG5xShortMSG200714 +6.72% 2.03073
(+7.33%)		 0.284 1M
CPSW DLC SG7xShortHSI210114 +3.81% 1.20877
(+4.63%)		 13.903 1M
DLAW DLC SG5xLong Venture +2.99% 0.13368
(-4.63%)		 0.021 1M
Data calculated based on the percentage change in underlying price and intrinsic close between 24/03/2020 and 25/03/2020 respectively.
1 Intrinsic Close is the value computed using the valuation formula of the Certificates stated on the relevant supplemental listing documents at market close.
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